Month: June 2013

Hello, everytime we talk about this topic generated numerous debates among an appreciable amount of traders, which, each one defends and supports the broker used at the time and that, in the majority of cases, it got after much research on the subject. What they don’t realize most people or new traders, is that at the end of the road is not what will make you a successful trader; It should be noted that at no time I say that the choice of the broker is not important, on the contrary, it is totally necessary for our quiet as traders. What I mean is that all lose valuable time on this simple issue. So yes we failed everyone is in misinformation, and is for this reason that we do not know how to choose our broker in a fast and easy way. To avoid this misinformation, I love exposing valuable and accurate information on this subject in particular. Do before you need that you do this question, really want to become a professional trader? or simply want to become a millionaire overnight to the tomorrow?. These questions that bother you should be troubled in seeking the correct answer, it is necessary to know the difference that there is one and is really wide. It is that when you want to become a professional trader in any way you are agreeing to the long-term, i.e., you’ll see results in the future, and this leads us to infer that we need a Broker for the long term, a broker that can withstand any future crisis in the coming years.

We can have this feature through a regulated broker, though honestly, there are many new broker with incredible potential. In first place, as you are going to operate?, deciding between two simple things, long or short term? and manual or automatic (robot)?. Expose you as well: the robots or EA (Expert Advisor), mostly operate with strategies very short-term or SCALPING, in times of 1 M, 5 M and 15 M. They operate in fishing a few pips of profit in each operation, for which it is essential to a broker that offers us a minimum spread already that if your EA point to 10 pips of profit that you must deduct you what copper you broker (spread). Similarly if you want to operate manually and in short time, it is highly recommended that you choose a broker with minimum spreads. When operas in medium and long term, your strategies are prepared to obtain more than 100 pips for a 3 or 5 pips spread not affecting you in anything.

Secondly, seeks diversity and dynamism, that the broker has several types of accounts and various platform options, too, several ways to deposit and withdraw money, affiliate program, automated trading, etc. Expose you as well: ECN accounts: they use a market or virtual network between the participants and offered contracts with spread or Commission variable but minimal, so it is always charged an additional Commission for each operation. Affiliate program: you can earn additional income by bringing customers to the broker. Operating platforms: MT4, iphone apps, smartphone apps, web trader. In summary and saving you a lot of time that you must not miss, I recommend 2 broker, both with different characteristics but 1A rating, these are: for operational in the long term, AVAFX. For operating in the short term, HotForex.

At the beginning of this module you learned that most of the interbank trade is done with the dollar. But suppose that a client of the Bank wants to change directly from pounds sterling to Swiss francs. In the jargon of the corridor, this trade not dollar is called currency against the currency. The Bank usually (or actually) handles this transaction for its client selling British pounds for U.S. dollars.UU. and then you will sell U.S. dollars.UU. by the Swiss francs.

Do not think this ridiculous? Why not selling the British pound directly by the Swiss francs? Here is why do it this way. Look at the table below changes crossed main $US

The dollar suffers from the effects swine flu news economics USD swine flu put the dollar under pressure towards the end of last week, the U.S. currency had begun to lose ground against most currencies. The dollar fell, reaching values of makes a week ago against the euro. He reached the 1.3300 against the European currency, and against the pound, registered the 1.4750, while against the yen stood at the 96.65 during Friday. New events, and not all of them economic, managed to affect the dollar.Ecuador continues by stating that it will continue using the US dollar as its official currency, in addition, the American currency took some support apparently by the South American countries, a phenomenon related to the recent Summit of the Americas where President Barack Obama was involved.

The recent outbreak of swine fever, apparently, added pressure on the dollar, given that investors now estimate that tourism could drop in the coming months, and the dollar by This could diminish its characteristic of refuge currency. It is noteworthy that the summits of G7 and IMF were able to generate some optimism in the stock market, and produce the idea of a balanced investment portfolio. The increase in risk aversion, also added points against the dollar.In the early hours of today we see a correction of the American currency. Chrysler, the American retail giant, apparently, not will be forced to declare bankruptcy. In addition the scarcity of programmed events will give the dollar a sigh.

The dollar will undoubtedly be susceptible to fluctuations in the euro, the pound and the yen. It is estimated that the dollar will reach the 1.3000 during this week against the euro, and the yen could reach the 97.50 during the next few days. EUR the rising euro after the results of the PMI and Ifo last week, the euro managed to advance against the majority of currencies.

The dollar is still surprise in today’s U.S. session.UU. Strength in gold is putting pressure on the dollar, gold remains firm above 1100.ademas level, oil is being strengthened and the barrel is above 78 dollars. The rise in the price of oil could extend beyond 82 dollars the barrel and provide some pressure on the dollar in the short term. The Canadian dollar is the biggest beneficiary by the rebound in oil. The Loonie, Canadian dollar, it was so far the currency with more performance in December, showed an increase of more than 6% compared to the yen and more than 5% respect to the euro. EUR/CAD reached as low as 1,4972, and the short-term prospects remain bearish. Investors are a little more optimistic then good data of industrial production in Japan.

Industrial production rose 2.6% in November, the largest growth in the last 6 months. The momentum of the production is expected to continue with the recovery in China, who is the largest trading partner of Japan. Sales to the retail recovered 0.2 per cent in November, after a fall of – 0.9% in October.Consumer spending remains weak and the sustainability of the recovery in Japan is still highly dependent on exports.